Kiser Closes $11M Off-Market MF Deal in Andersonville
Kiser Group brokers Jacob Price and Katie LeGrand closed on 1553-55 W. Hollywood, a $10.9 million off-market deal. This property in Andersonville spans a full city block and features a total of 76 apartments, ranging from studios to three-bedroom units, as well as 22 retail spaces.
Price said, “Andersonville’s rental inventory predominantly comprises vintage properties with limited amenities. The new ownership’s vision is to reshape this narrative by preserving the property’s vintage character while enhancing unit quality and adding desirable amenities, catering to the evolving preferences of renters.”
“While this property was previously under contract with another buyer, we were promptly notified by the ownership that the deal had fallen through,” said LeGrand, “Several other brokers had expressed interest in the past, and we’re delighted to have had the opportunity to represent the buyer in finalizing this transaction, effectively removing this cherished legacy building from the market.”
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.